Alibaba Seen Avoiding Facebook Flop With IPO

byBloomberg News

May 6 (Bloomberg) -- Alibaba doesn’t want to be the next Facebook, at least for its prospective IPO. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said. Stephen Engle reports on Bloomberg Television's "First Up." (Source: Bloomberg)

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